Avantis Global Credit ETF (NASDAQ:AVGB) Sees Significant Decline in Short Interest

Avantis Global Credit ETF (NASDAQ:AVGB) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 5,158 shares, a decline of 35.9% from the August 31st total of 8,043 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average daily volume of 4,581 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Avantis Global Credit ETF stock. Citadel Advisors LLC acquired a new position in shares of Avantis Global Credit ETF (NASDAQ:AVGB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,814 shares of the company’s stock, valued at approximately $861,000. Citadel Advisors LLC owned approximately 4.20% of Avantis Global Credit ETF at the end of the most recent quarter.

Avantis Global Credit ETF Stock Performance

Shares of NASDAQ:AVGB opened at $49.67 on Friday. The business has a 50 day moving average price of $50.59 and a 200 day moving average price of $50.84. Avantis Global Credit ETF has a twelve month low of $49.51 and a twelve month high of $52.07.

Avantis Global Credit ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Tuesday, September 8th were paid a $0.5015 dividend. The ex-dividend date was Tuesday, September 8th. This is a positive change from Avantis Global Credit ETF’s previous quarterly dividend of $0.2707. This represents a $2.01 annualized dividend and a dividend yield of 4.0%.

About Avantis Global Credit ETF

Avantis Credit ETF is an actively managed exchange-traded fund that aims to maximize total return. The fund invests primarily in investment-grade quality debt obligations from a diverse group of U.S. and non-U.S. issuers